The MMT Podcast with Patricia Pino & Christian Reilly

Patricia & Christian talk to Stuart Medina Miltimore, economist and founder of the Spanish advocacy group Red MMT about his chapter (co-written with Bill Mitchell) in the major new academic collaboration "Modern Monetary Theory - Key Insights, Leading Thinkers", which lays out how the euro has driven austerity and the depoliticisation of European democracies. Whether they know it or not, currency union members (and prospective members) have a choice: status quo, reform, or exit? Understanding modern money - as a policy tool designed to mobilise resources, rather than as an inert medium of exchange - is key to understanding the human stakes of that choice. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers" (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Stuart Medina Miltimore: https://www.patreon.com/posts/44400459 Stuart Medina Miltimore on Twitter: https://twitter.com/SMiltim The website of Stuart's organisation, Red MMT (contains many MMT resources in Spanish, and site can also be translated into other languages using browser functions): https://www.redmmt.es/ Red MMT YouTube Channel: https://www.youtube.com/@redmmt5253 Relevant to this episode: For more on Eurozone Job Guarantee proposals: "Maximizing Price Stability in a Monetary Economy" by Warren Mosler & Damiano Bruno Silipo: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=2775400 "Completing the Euro: The Euro Treasury and the Job Guarantee" by Esteban Cruz Hidalgo, Dirk Ehnts and Pavlina R. Tcherneva: https://www.researchgate.net/publication/334226761_Completing_the_Euro_The_Euro_Treasury_and_the_Job_Guarantee For more on the MMT Job Guarantee in general : Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Curried EMU - the meal that fails to nourish by Wynne Godley: https://www.concertedaction.com/2011/11/07/curried-emu/ Our episode 103 - with Ndongo Samba Sylla on The CFA Franc & The Movement For Monetary Sovereignty In Africa: https://www.patreon.com/posts/51864583 Warren Mosler tells the "Dogs & Bones" story: https://youtu.be/2vTjLwYCi24 Overview of automatic stabilisers: https://en.wikipedia.org/wiki/Automatic_stabilizer We talk about what caused the pension fund crisis during the Truss government (or mini-government?) here: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/72906421?pr=true Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379

What is money, where does it come from and why is it important? Patricia & Christian talk to award-winning primary MMT academic Professor L. Randall Wray about his latest book "Making Money Work For Us" and his part in the new academic collaboration "Modern Monetary Theory - Key Insights, Leading Thinkers." Also in this episode: What are taxes for? Where do commercial banks fit in? And what is "doing MMT"? Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Order L Randall Wray's latest book, "Making Money Work for Us" (2022): https://www.amazon.co.uk/gp/product/B0BDCS46BG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers" (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with L. Randall Wray: https://www.patreon.com/posts/44467066 Relevant to this episode: Episode 133 with Professor Hannah Appel, co-founder of The Debt Collective: https://www.patreon.com/posts/67518491 For more on quantitative easing: Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 59 - Warren Mosler: What Do Central Banks Do?:https://www.patreon.com/posts/39070023 For more on the meaning of endogenous and exogenous money, listen to our episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 For more on the MMT Job Guarantee (the targeted spending Professor Wray refers to in this episode), Pavlina Tcherneva lays out why the Job Guarantee is core to Modern Monetary Theory in Episode 148: https://www.patreon.com/posts/73211346?pr=true "WHAT IS MONEY?" by A Mitchell Innes: https://www.community-exchange.org/docs/what%20is%20money.htm Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Gu

Part 5: Patricia and Christian continue their conversation about Stephanie Kelton's best-seller The Deficit Myth. In this episode: what does it mean for a nation to "win" or "lose" at trade? As the global 99% are pitted against each other in an increasingly gigified international job market, who's "we" and what is "winning"? In an effort to dodge their responsibility for domestic unemployment, politicians have become very adept at mesmerising electorates with trade three-card Monte - focusing our attention on jobs and potential income flowing overseas, when a focus on real goods and services flowing *in* from the rest of the world reveals that trade deficits actually *improve* living standards for importing nations in real terms. Nevertheless, in pursuit of political "wins", leaders squander actual wins in pursuit of arbitrary economic indicators with the only economic management tool they think they have: unemployment. Understanding modern money shows how we can truly succeed without sacrificing people or the planet. ============= Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Our "Unpacking The Deficit Myth" series: https://www.patreon.com/posts/47191289 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Relevant to this episode: Shop to Win! Warren Mosler on Trump Tariffs: https://moslereconomics.com/2018/03/02/light-vehicle-sales-trump-tariffs/ Pavlina Tcherneva lays out why the Job Guarantee is core to Modern Monetary Theory in Episode 148: https://www.patreon.com/posts/73211346?pr=true Fadhel Kaboub defines monetary sovereignty in Episode 12 - Monetary Sovereignty, Colonialism and Independence: https://www.patreon.com/posts/41790149 Dirk Ehnts lays out a plan for a Eurozone-wide Job Guarantee in Episode 155: https://www.patreon.com/posts/38252014 Paper on the above proposal - "Completing The Euro: The Euro Treasury And The Job Guarantee" by Esteban Cruz Hidalgo, Dirk H. Ehnts & Pavlina R. Tcherneva: https://www.researchgate.net/publication/334226761_Completing_the_Euro_The_Euro_Treasury_and_the_Job_Guarantee Warren Mosler and Damiano B. Silipo's Job Guarantee proposal for the eurozone is within this paper - "Maximizing Price Stability in a Monetary Economy": https://www.levyinstitute.org/pubs/wp_864.pdf For more on the Job Guarantee as a "labour standard" (as opposed to a gold standard) to achieve superior price stability to our current system, listen to our episode 125 - Sam Levey: Monopoly, Monopsony, And What To Do About Them: https://www.patreon.com/posts/61954971 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Order "The Deficit Myth" by Stephanie Kelton: https://www.amazon.co.uk/gp/product/B081JVRT57/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers" (2023): https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html Order L Randall Wray's latest book, "Making Money Work for Us" (2022): https://www.amazon.co.uk/gp/product/B0BDCS46BG/ref=dbs_a_def_rwt_hsch_vapi_tkin_p1_i0 Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflat

According to multi award-winning economist Professor James K. Galbraith, the new book, "Modern Monetary Theory: Key Insights, Leading Thinkers" is 'a landmark in the development of MMT, a boon for "useful" economists - and a profound challenge to all the others.' Patricia and Christian talk to the architects of this collaboration of leading experts about how governments spend, why it matters, and why moving beyond our culture's deeply-held but incorrect assumptions about money and its purpose is now key to human survival. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers" (2023) here: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Relevant to this episode: The Gower Initiative For Modern Money Studies website: https://gimms.org.uk/ Our interview with Deborah Harrington (a founding member of GIMMS) Episode 96: The Fight For The NHS: https://www.patreon.com/posts/49819223 "Diagrams & Dollars" by JD Alt: https://neweconomicperspectives.org/2014/01/diagrams-dollars-modern-money-illustrated-part-1.html Professor Stephanie Kelton's "Angry Birds" presentation: https://youtu.be/Q1SMjeuyF-Y "Billy Blog" — Professor Bill Mitchell's blog: http://bilbo.economicoutlook.net/blog/ Our episodes featuring Bill Mitchell at UK Labour conference events in 2019: Episode 31(a): MMT And The Labour Party: https://www.patreon.com/posts/30204508 Episode 34: MMT And The Green New Deal: https://www.patreon.com/posts/30429854 "An Accounting Model of the UK Exchequer" by Neil Wilson, Andrew Berkley and Richard Tye: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our interview with the authors of "An Accounting Model of the UK Exchequer": Episode 84 (Part 1): https://www.patreon.com/posts/46352183 Episode 86 (Part 2): https://www.patreon.com/posts/46865929 Episode 155, where Phil Armstrong talks briefly about his chapter in "Modern Monetary Theory: Key Insights, Leading Thinkers": https://www.patreon.com/posts/77409078?pr=true Professor John T. Harvey's lecture on MMT and exchange rates - Episode 145: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy": http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative E

With expert guidance from economist and "MMT Essentials" author, Dr Dirk Ehnts, Patrica and Christian fill the gaps in reporting on the World Economic Forum's annual greenwashing festival in Davos, where critics of the Biden administration's kitten-weak climate bill (the Inflation Reduction Act) warn it gives *too much* assistance to green initiatives. And, as US Republican efforts are underway to cancel already-appropriated federal spending with yet another mendaciously confected debt ceiling drama, the discussion emphasises the importance of understanding the difference between your debt and the government's so-called "debt". Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Dirk Ehnts' website: https://www.dirk-ehnts.de/ Dirk Ehnts on Twitter: https://twitter.com/DEhnts Relevant to this episode: On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ For more on the interplay between commercial bank money (deposits) and central bank money (reserves), listen to our Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 For more on the Job Guarantee as buffer-stock policy to achieve superior price stability to our current system, listen to our episode 125 - Sam Levey: Monopoly, Monopsony, And What To Do About Them: https://www.patreon.com/posts/61954971 Apply for Dr Dirk Ehnts' Modern Monetary Theory and European Macroeconomics course at Maastricht University (July 31st - August 4th): https://maastricht.dreamapply.com/courses/course/183-modern-monetary-theory-and-european-macroeconomics Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Order the Gower Initiative's "Modern Monetary Theory - Key Insights, Leading Thinkers" (2023) here: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina T

Patrica and Christian talk to economist and co-author of the just-published "Modern Monetary Theory - Key Insights, Leading Thinkers" Dr Phil Armstrong about why mainstream economists think unemployment is good, why Rishi Sunak and Keir Starmer's proposals to make the UK more prosperous by starving it of investment might be misguided, and what useful economics might look like. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Order "Modern Monetary Theory - Key Insights, Leading Thinkers" here: https://www.e-elgar.com/shop/gbp/modern-monetary-theory-9781802208085.html For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Phil Armstrong on Twitter: https://twitter.com/PhilArmstrong58 Relevant to this episode: "The Natural Rate of Interest Is Zero" by Mathew Forstater and Warren Mosler: http://moslereconomics.com/wp-content/graphs/2009/07/natural-rate-is-zero.PDF Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ For a short, non-technical, free ebook explaining MMT, download MMT founder Warren Mosler's "7 Deadly Innocent Frauds Of Economic Policy" here: http://moslereconomics.com/wp-content/powerpoints/7DIF.pdf Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ MMT events and courses in 2023 Tickets to the very first SCOTONOMICS festival (online or in-person, Dundee, Scotland 24th-26th March) are available here: https://scotonomics.scot/live-events/ Information about Professor Bill Mitchell's MMTed project (free public online courses in MMT) here: http://www.mmted.org/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT are here: https://modernmoneylab.org.au/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube chan

MMT founder Warren Mosler answers listeners' questions on topics including: how governments spend, the role of taxation, government bond issuance, central banking, commercial banking, interest rates, exchange rates, inflation, the NHS, the MMT Job Guarantee, the Eurozone and more. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Relevant to this episode: "The 7 Deadly Innocent Frauds Of Economic Policy" by Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Seven-Deadly-Innocent-Frauds-of-Warren-Mosler.pdf "Soft Currency Economics" by Warren Mosler: http://moslereconomics.com/wp-content/uploads/2022/10/Soft-Currency-Economics-October-2022.pdf "Full Employment AND Price Stability" by Warren Mosler: http://moslereconomics.com/wp-content/uploads/2019/02/Full-Employment-AND-Price-Stability.pdf Dr Dirk Ehnts on the ECB and the Eurosystem at 35:14 in this episode: Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/72906421?pr=true For an explanation of the terms NAIRU (Non-accelerating inflation rate of unemployment) and NAIBER (non-accelerating inflation buffer employment ratio), see here: https://en.wikipedia.org/wiki/NAIBER Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html "Rites Of Passage" — Warren Mosler's 2001 essay on the euro: http://moslereconomics.com/2010/05/03/my-euro-essay-from-2001/ More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-inform

Patricia and Christian talk to economist and author Dr Dirk Ehnts about the false-but-folksy economic premises behind Chancellor Jeremy Hunt's Autumn Statement, the difference between currency users and currency issuers, why government borrowing isn't really borrowing, why taxes are important (but not for the reasons many think) and help climate envoy John Kerry discover which government in the world has trillions of dollars. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Dirk Ehnts on Twitter: https://twitter.com/DEhnts Dirk Ehnts' Website: https://www.dirk-ehnts.de/en-us/ Dirk Ehnts on Mastodon: https://econtwitter.net/@[email protected] Patricia Pino on Mastodon: https://econtwitter.net/@patriciapino Relevant to this episode: Stephanie Kelton's "green dollar / yellow dollar" explanation of government bonds (except she uses small pink pieces of paper for dollars and big pink pieces of paper for bonds) starts at 19:49: https://youtu.be/c6ss3p4jjI4 More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/75038084

In anticipation of Chancellor Jeremy Hunt's Autumn Statement, Patricia and Christian talk to economist and author Dr Phil Armstrong about currency crises, inflation, the shortcomings of monetary policy, the national (so-called) debt, the Office for Budget "Responsibility", and what economic opposition might look like. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Phil Armstrong on Twitter: https://twitter.com/PhilArmstrong58 Phil Armstrong: "Can Heterodox Economics Make A Difference?": https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html Relevant to this episode: "Is exchange rate depreciation inflationary?" by Professor Bill Mitchell: http://bilbo.economicoutlook.net/blog/?p=32922 Phil Armstrong's Chapter on conservation of saving is in "Contemporary Issues in Heterodox Economics": https://www.routledge.com/Contemporary-Issues-in-Heterodox-Economics-Implications-for-Theory-and/Hermann-Mouatt/p/book/9780367509101 More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/74755372?pr=true

Patricia and Christian talk to financial consultant and author Brian Romanchuk about how the UK's recent pension fund crisis impacted the gilt and mortgage markets, the significance of currency price shifts, banks as credit risk intermediaries, the Swedish Central Bank's Prize in Economic Sciences, and what to do about so-called "bond vigilantes". Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Brian Romanchuk's blog: http://www.bondeconomics.com/ Brian Romanchuk's books: http://www.bondeconomics.com/p/books.html Brian Romanchuk on Twitter: https://twitter.com/RomanchukBrian More on government bonds (and "vigilantes"): Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 144 - Warren Mosler: The Natural Rate Of Interest Is Zero: https://www.patreon.com/posts/71966513 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/74382368?pr=true Show notes: https://www.patreon.com/posts/74382539?pr=true

Edited highlights of Professor Yeva Nersisyan's presentation on financing the Green New Deal from this year's Levy Economics Institute Summer Seminar. Video of this event: https://youtu.be/6qZNN96Ggs8 Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Relevant to this presentation: "How to Pay for the Green New Deal" by L. Randall Wray & Yeva Nersisyan: https://www.levyinstitute.org/pubs/wp_931.pdf Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Episode 53 - L. Randall Wray: MMT And The Green New Deal: https://www.patreon.com/posts/37728507 Episode 32 - Sam Levey: How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574 Episode 33 - Sam Levey: How Uncle Sam Paid For World War II (part 2): https://www.patreon.com/posts/30112818 Episode 76 - Sam Levey: MMT For Mainstream Economists And Mobilisation Theory (part 1): https://www.patreon.com/posts/43697752 Episode 77 - Sam Levey: MMT For Mainstream Economists And Mobilisation Theory (part 2): https://www.patreon.com/posts/43886189 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episode 148 - Pavlina Tcherneva: Why The Job Guarantee Is Core To Modern Monetary Theory: https://www.patreon.com/posts/episode-148-why-73211346 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ More about the 2nd African Economic and Monetary Sovereignty conference (25-28 October): https://mes-africa.org/about-event/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/73776088?pr=true Show notes: https://www.patreon.com/posts/73776144?pr=true

Patricia and Christian talk about Jeremy Hunt's appointment as UK chancellor and his upcoming medium-term fiscal plan. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Relevant to this conversation: Episode 30 - Steven Hail: Understanding Government Bonds (Part 1):https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episode 147 - Dirk Ehnts: Do Markets Control Our Politics?: https://www.patreon.com/posts/episode-147-dirk-72906421 Episode 145 - John T Harvey: What Determines Currency Prices?: https://www.patreon.com/posts/72283811?pr=true Episode 110 - L. Randall Wray: Are We Living In An MMT World?: https://www.patreon.com/posts/54750022 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 More on quantitative easing: Episode 59 - Warren Mosler: What Do Central Banks Do?:https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 More about the 2nd African Economic and Monetary Sovereignty conference (25-28 October): https://mes-africa.org/about-event/ Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/73522077?pr=true Show notes: https://www.patreon.com/posts/73522148?pr=true

Edited highlights of Professor Pavlina Tcherneva's presentation on the MMT Job Guarantee from this year's Levy Economics Institute Summer Seminar. Video of this event: https://youtu.be/zzqVCiUw7L4 Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our episodes with Pavlina Tcherneva: https://www.patreon.com/posts/44405631 Pavlina Tcherneva's Job Guarantee FAQ page: https://pavlina-tcherneva.net/job-guarantee-faq/ Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/73211282 Show notes: https://www.patreon.com/posts/73211346?pr=true

Patricia and Christian talk to economist and author Dr Dirk Ehnts about the ongoing fallout from UK Chancellor Kwasi Kwarteng's mini-budget, exchange rates, bond yields, the mechanics of the Eurozone payments system, and the push-pull relationship between commerce and governance. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Dirk Ehnts on Twitter: https://twitter.com/DEhnts Dirk Ehnts' website: https://www.dirk-ehnts.de/en-us/ Things that came up in this conversation: Our episodes on government bonds: Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Sign up for Professor Bill Mitchell's online MMT 101 course (Sep 14 - Oct 12 2022): https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/72906436?pr=true Show notes: https://www.patreon.com/posts/72906421?pr=true

Patricia and Christian talk to economist and author Dr Phil Armstrong about Trussonomics and UK Chancellor Kwasi Kwarteng's recent "fiscal event". Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Phil Armstrong on Twitter: https://twitter.com/PhilArmstrong58 "Can Heterodox Economics Make a Difference?: by Phil Armstrong: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html Things that came up in this conversation: Using the Payments System to Enforce an Russian Oil Price Cap Likely to Cause Supply Shock: https://www.nakedcapitalism.com/2022/09/using-the-payments-system-to-enforce-an-russian-oil-price-cap-likely-to-cause-supply-shock.html Enough is Enough Campaign (UK Day Of Action 1st October 2022): https://wesayenough.co.uk/ Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Sign up for Professor Bill Mitchell's online MMT 101 course (Sep 14 - Oct 12 2022): https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/72554000?pr=true Show notes: https://www.patreon.com/posts/72553803?pr=true

Edited highlights of Professor John T Harvey's presentation on exchange rate determination and what his insights mean for progressive policies (such as the MMT Job Guarantee) at this year's Levy Institute MMT summer seminar. Video of this event: https://youtu.be/kSyme-ak32s Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our episodes with John T Harvey: https://www.patreon.com/posts/44371783 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ John T Harvey's Forbes blog: https://www.forbes.com/sites/johntharvey/?sh=474276c6685c John T Harvey's Cowboy Economist channel: https://www.youtube.com/channel/UCL9PHjlPQ5wq0CD6vAibxYg/featured Things that came up in this presentation: John T. Harvey - "Money Growth Does Not Cause Inflation!": https://rptest.org/money-growth-does-not-cause-inflation/ Currencies, Capital Flows and Crises: A post Keynesian analysis of exchange rate determination By John T. Harvey: https://www.routledge.com/Currencies-Capital-Flows-and-Crises-A-post-Keynesian-analysis-of-exchange/Harvey/p/book/9780415781206 Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Sign up for Professor Bill Mitchell's online MMT 101 course (Sep 14 - Oct 12 2022): https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century Details of Modern Money Lab's online graduate and postgraduate courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/72283799?pr=true Show notes: https://www.patreon.com/posts/72283811?pr=true

Patricia and Christian talk to MMT founder Warren Mosler about the MMT view of interest rates, the Inflation Reduction Act, and some recent New York Times coverage of Warren's ideas. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our episodes with Warren Mosler: https://www.patreon.com/posts/42918786 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Warren Mosler's website: http://moslereconomics.com Warren Mosler on Twitter: https://twitter.com/wbmosler Things that came up in this conversation: The Natural Rate of Interest Is Zero by Mathew Forstater and Warren Mosler: http://www.moslereconomics.com/wp-content/graphs/2009/07/natural-rate-is-zero.PDF Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html Episode 125 - Sam Levey: Monopoly, Monopsony, And What To Do About Them: https://www.patreon.com/posts/61954971 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 More on quantitative easing: Episode 59 - Warren Mosler: What Do Central Banks Do?:https://www.patreon.com/posts/39070023 Episode 143 - Paul Sheard: What Is Quantitative Easing?: https://www.patreon.com/posts/71589989?pr=true Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Sign up for Professor Bill Mitchell's online MMT 101 course (Sep 14 - Oct 12 2022): https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century Details of Modern Money Lab's online grad and postgrad courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/71966530?pr=true Show notes: https://www.patreon.com/posts/71966513

Edited highlights from Harvard Kennedy School research fellow Paul Sheard's presentation on quantitative easing at the Levy Economics Institute's recent summer seminar. Video of this event: https://youtu.be/0MrWQvvGAZM Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ More on quantitative easing: Episode 59 - Warren Mosler: What Do Central Banks Do?:https://www.patreon.com/posts/39070023 Paul Sheard:"Repeat After Me: Banks Cannot And Do Not "Lend Out" Reserves": https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/programs/senior.fellows/2019-20%20fellows/BanksCannotLendOutReservesAug2013_%20(002).pdf Paul Sheard: "A QE Q&A: Everything You Ever Wanted To Know About Quantitative Easing": https://www.hks.harvard.edu/sites/default/files/centers/mrcbg/files/PSheardQEQAAugust2014.pdf Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Sign up for Professor Bill Mitchell's online MMT 101 course (Sep 14 - Oct 12 2022): https://www.edx.org/course/modern-monetary-theory-economics-for-the-21st-century Details of Modern Money Lab's online grad and postgrad courses in MMT: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/71589954?pr=true Show notes: https://www.patreon.com/posts/71589989?pr=true

Part 4: Patricia and Christian continue their conversation about Stephanie Kelton's best-seller The Deficit Myth. In this conversation: the government's red ink is our black ink, and how the notion that government bond issuance "crowds out" private sector investment is inapplicable to a floating exchange rate currency. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Our "Unpacking The Deficit Myth" series: https://www.patreon.com/posts/47191289 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Other things that came up in this conversation: Bill Mitchell on Britain's 1976 IMF loan: http://bilbo.economicoutlook.net/blog/?p=33907 Episode 49 - Phil Armstrong: Where Does Money Come From? (Part 1): https://www.patreon.com/posts/36619334 Episode 50 - Phil Armstrong: Where Does Money Come From? (Part 2): https://www.patreon.com/posts/36846931 Episode 110 - L. Randall Wray: Are We Living In An MMT World?: https://www.patreon.com/posts/54750022 Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Links to MMT scholarship by New Economic Perspectives: http://neweconomicperspectives.org/mmt-scholarship MMT Academic Resources - compiled by The Gower Initiative for Modern Money Studies: https://www.zotero.org/groups/2251544/mmt_academic_resources_-_compiled_by_the_gower_initiative_for_modern_money_studies For online grad and postgrad courses MMT, visit Modern Money Lab: Website: https://modernmoneylab.org.au/ Twitter: https://twitter.com/modernmoneylab Economics of Sustainability graduate courses zoom Q&A sessions (16th / 17th August, 25th August, 2nd / 3rd September): https://modernmoneylab.org.au/events/ Updates about Professor Bill Mitchell's MMT 101 course will be posted here (we think!) - due to restart mid-September 2022: http://www.mmted.org/# Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/71264741?pr=true Show notes: https://www.patreon.com/posts/71264759?pr=true

Patricia and Christian talk to leading ecological economist Professor Phil Lawn about the earth's planetary boundaries, how MMT-informed ecological economics can help us live within them, and Modern Money Lab's ground-breaking online graduate and postgraduate courses in the economics of sustainability. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Quick MMT reads: Warren's Mosler's MMT white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ More about Modern Money Lab: Website: https://modernmoneylab.org.au/ Twitter: https://twitter.com/modernmoneylab Economics of Sustainability graduate courses zoom Q&A sessions (16th / 17th August, 25th August, 2nd / 3rd September): https://modernmoneylab.org.au/events/ Modern Money Doughnuts podcast: https://modernmoneylab.org.au/events/podcast/ Updates about Professor Bill Mitchell's MMT 101 course will be posted here (we think!): http://www.mmted.org/# Phil Lawn lecture on the advancement of a steady state economy: https://youtu.be/D1NZuNWpY7Y Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/70826945?pr=true Show notes: https://www.patreon.com/posts/70826821?pr=true

Patricia and Christian talk to policy analyst and consultant on green building, climate and renewable energy, and research scholar at the Global Institute for Sustainable Prosperity Dr Michael Hoexter about framing the debate over funding a just transition to a green economy. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Quick MMT reads: Warren's Mosler's white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt: "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Michael Hoexter on Twitter: https://twitter.com/mike_cal Michael Hoexter on YouTube: https://www.youtube.com/channel/UCjPEkZCflO-EFDDmbCxeXhg Articles by Michael Hoexter: "Deficit" is the Wrong Word and Concept: https://neweconomicperspectives.org/2012/12/deficit-is-the-wrong-word-and-concept.html Naomi Klein's "Hard-Money" Ideas Undermine Her Laudable Climate Action Goals: https://neweconomicperspectives.org/2014/11/naomi-kleins-hard-money-ideas-undermine-laudable-climate-action-goals.html Sorry, Kyoto Signatories, Emissions Traders, Carbon Taxers, Homo Oeconomicus Won't Save the Climate: https://neweconomicperspectives.org/2014/04/sorry-kyoto-signatories-emissions-traders-carbon-taxers-homo-oeconomicus-wont-save-climate-part-1.html Behind the Crisis in American Governance: Delusions about the Economy Treated As a Matter of Differing Economic "Taste": https://neweconomicperspectives.org/2013/10/behind-crisis-american-governance-delusions-economy-treated-matter-differing-economic-taste-pt-12.html Via Government's Fiscal Policy and Regulatory Oversight, Ethical Values Shape Monetary Value: http://neweconomicperspectives.org/2013/02/via-governments-fiscal-policy-and-regulatory-oversight-ethical-values-shape-monetary-value.html Also discussed in this episode: Support the Insulate Britain campaign: https://insulatebritain.com/ Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Find out more about online graduate courses in the Economics of Sustainability via Modern Money Lab: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/70471054?pr=true Show notes: https://www.patreon.com/posts/70471081?pr=true

Christian talks to Patricia about her recent paper "The short-term economic impact of Peru's Internal Conflict". Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Our first three episodes: https://www.patreon.com/posts/41742417 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Quick MMT reads: Warren's Mosler's white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 On government debt - "Some Numbers Are Big. Let Me Help You Get Over It": https://christreilly.com/2020/02/17/some-numbers-are-big-let-me-help-you-get-over-it/ Discussed in this episode: "Airplane Crashes Aren't 'Hyperlandings'" by Clint Ballinger: https://clintballinger.com/2020/04/30/airplane-crashes-arent-hyperlandings-notes-on-zimbabwe/ A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit Episode 123 - Warren Mosler - Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 32 - Sam Levey: How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574 Episode 33 - Sam Levey: How Uncle Sam Paid For World War II (part 2): https://www.patreon.com/posts/30112818 Episodes on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 "An Accounting Model of the UK Exchequer – 2nd edition" by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our episodes about "An Accounting Model of the UK Exchequer": Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Episodes on hyperinflation: Episode 88 - Warren Mosler & Phil Armstrong - Weimar Republic Hyperinflation Through An MMT Lens (part 1): https://www.patreon.com/posts/47638591 Episode 89 - Warren Mosler & Phil Armstrong - Weimar Republic Hyperinflation Through An MMT Lens (part 2): https://www.patreon.com/posts/episode-89-phil-47904999 Find out more about online graduate courses in the Economics of Sustainability via Modern Money Lab: https://modernmoneylab.org.au/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/70288489?pr=true Show notes: https://www.patreon.com/posts/70288573?pr=true

Patricia and Christian talk to journalist Stephen Williams, writer and co-editor of "Sustainability and the New Economics". Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 And Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Discussed in this episode: Sustainability And The New Economics: https://link.springer.com/book/10.1007/978-3-030-78795-0 Stephen Williams - "A ten-point plan for sustainable prosperity": https://independentaustralia.net/politics/politics-display/a-ten-point-plan-for-sustainable-prosperity-,12058 Bill Mitchell's blog: http://bilbo.economicoutlook.net/blog/ To understand buffer stocks and why they're an important concept - Episode 125 - Sam Levey: Monopoly, Monopsony, And What To Do About Them: https://www.patreon.com/posts/61954971 Warren's Mosler's white paper: http://moslereconomics.com/mmt-white-paper/ Steven Hail's quick MMT explainer: https://theconversation.com/explainer-what-is-modern-monetary-theory-72095 Steven Hail's Modern Money Lab: https://modernmoneylab.org.au/ Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Warren Mosler's Proposals for the Treasury, the Federal Reserve, the FDIC, and the Banking System: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html 350 dot org: https://350.org/ More on the Genuine Progress Indicator: https://en.wikipedia.org/wiki/Genuine_progress_indicator More on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 "An Accounting Model of the UK Exchequer – 2nd edition" by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our episodes about "An Accounting Model of the UK Exchequer": Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929 Episodes on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/69831430?pr=true Cinematic Trailer Background Music by MUSIC4VIDEO: https://youtu.be/knRAM6AHcKI Show notes: https://www.patreon.com/posts/69831268?pr=true

Patricia and Christian talk to economist and author Professor Eric Tymoigne about the history of money, cryptocurrency, and what makes some monetary instruments more instrumental than others. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 And Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Eric Tymoigne's bio and publications: https://college.lclark.edu/live/profiles/51-eric-tymoigne Eric Tymoigne On Twitter: https://twitter.com/tymoignee More on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 "An Accounting Model of the UK Exchequer – 2nd edition" by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our episodes about "An Accounting Model of the UK Exchequer": Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929 More on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 More details on Dirk Ehnts' "Modern Monetary Theory and European Macroeconomics" course at Maastricht University: https://maastricht.dreamapply.com/courses/course/134-modern-monetary-theory-and-european-macroeconomics?search=34057 Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/69607748 Show notes: https://www.patreon.com/posts/69607717

Patricia and Christian talk to economist, social scientist, and former Vice-Chancellor of the Pakistan Institute of Development Economics Professor Asad Zaman about econometrics. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 And Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Asad Zaman's Writing: https://asaduzaman.medium.com/ Asad Zaman's World Economics Association Pedagogy Blog: https://weapedagogy.wordpress.com/author/asaduzaman/ Asad Zaman's YouTube channel: https://www.youtube.com/c/AsadZaman7 Asad Zaman - "The secrets of happiness": https://asaduzaman.medium.com/the-secrets-of-happiness-1d83621f6b14 Asad Zaman - "Spirituality and development" [lecture, with notes]: https://weapedagogy.wordpress.com/2017/01/29/spirituality-development/ More on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 "An Accounting Model of the UK Exchequer – 2nd edition" by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our episodes about "An Accounting Model of the UK Exchequer": Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929 More on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 More details on Dirk Ehnts' "Modern Monetary Theory and European Macroeconomics" course at Maastricht University: https://maastricht.dreamapply.com/courses/course/134-modern-monetary-theory-and-european-macroeconomics?search=34057 Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/69293554 Show notes: https://www.patreon.com/posts/69293532

Patricia and Christian talk to acclaimed author and digital rights advocate, Cory Doctorow about blockchain, cryptocurrency, NFTs and much more. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 And Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 For more on Quantitative Easing: Episode 59 - Warren Mosler: What Do Central Banks Do?: https://www.patreon.com/posts/39070023 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Cory Doctorow - "The Inevitability of Trusted Third Parties": https://onezero.medium.com/the-inevitability-of-trusted-third-parties-a51cbcffc4e2 Cory's Blog: https://pluralistic.net/ Cory on Twitter: https://twitter.com/doctorow All our episodes with Cory Doctorow: https://www.patreon.com/posts/41970049 More on crypto: The Edited Latecomer's Guide To Crypto: https://www.mollywhite.net/annotations/latecomers-guide-to-crypto More on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 "An Accounting Model of the UK Exchequer – 2nd edition" by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our episodes about "An Accounting Model of the UK Exchequer": Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929 More on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/68946236 Show notes: https://www.patreon.com/posts/68946334

Patricia and Christian talk to economist and president of the Global Institute For Sustainable Prosperity, Professor Fadhel Kaboub about some of the events featured at this year's World Economic Forum summit in Davos. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 And Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Fadhel Kaboub's work: http://www.global-isp.org/president/ Fadhel on Twitter: https://twitter.com/FadhelKaboub All our episodes with Fadhel Kaboub: https://www.patreon.com/posts/43484621 For more on the Edward Lipiński Foundation's MMT Summer School in Poznań, Poland (10th - 14th August 2022): https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2022/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ More on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 "An Accounting Model of the UK Exchequer – 2nd edition" by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our episodes about "An Accounting Model of the UK Exchequer": Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929 On digital currency Rohan Grey's writing: https://rohangrey.net/writing/ Our Rohan grey episodes: https://www.patreon.com/posts/43558419 Full list of World Economic Forum panels: https://www.weforum.org/events/world-economic-forum-annual-meeting-2022/programme Panel - The View from Capitol Hill: https://www.weforum.org/events/world-economic-forum-annual-meeting-2022/sessions/the-view-from-capitol-hill Panel - What Next for Global Growth? (featuring Mariana Mazzucato): https://www.weforum.org/events/world-economic-forum-annual-meeting-2022/sessions/aligning-on-new-approaches-to-economic-policy-making Panel - The Four-Day Week: Necessity or Luxury?: https://www.weforum.org/events/world-economic-forum-annual-meeting-2022/sessions/the-four-day-week-necessity-or-luxury More on inflation: Episode 7: Steven Hail: Inflation, Price Shocks and Other Misunderstandings: https://www.patreon.com/posts/41780508 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/68600332 Show notes: https://www.patreon.com/posts/68600373

Patricia and Christian talk to economic anthropologist and co-founder of the Debt Collective, Professor Hannah Appel about the growing movement for debt abolition and where MMT fits in with it. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 For more on The Debt Collective: https://debtcollective.org/what-we-do/debt-abolition/#faqs The Debt Collective on Twitter: https://twitter.com/StrikeDebt NYT Student Debt Editorial, Annotated by the Debt Collective: https://medium.com/@debtcollective/nyt-student-debt-editorial-annotated-by-the-debt-collective-ccafa6e3a3dc The Debt Collective - "Cancel Student Debt: The Best Answers To The Toughest Questions": https://medium.com/@debtcollective/cancel-student-debt-the-best-answers-to-the-toughest-questions-3e4309877db6 Hannah Appel - "Debtors Of The World Unite": https://bostonreview.net/articles/debtors-world-unite/ Attend online events from the Levy Economics Institute summer seminar, June 11–18, 2022 (NB session times are in eastern time): https://www.levyinstitute.org/conferences/summer_sem_public_schedule_6_2.pdf For more on the Edward Lipiński Foundation's MMT Summer School in Poznań, Poland (10th - 14th August 2022): https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2022/ Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ More on monetary operations: Episode 20 - Warren Mosler: The MMT Money Story (part 1): https://www.patreon.com/posts/28004824 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 "An Accounting Model of the UK Exchequer – 2nd edition" by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our episodes about "An Accounting Model of the UK Exchequer": Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929 More on inflation: Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/67518447 Show notes: https://www.patreon.com/posts/67518491

Patricia and Christian talk to economist and author Dr Phil Armstrong about his recent paper, which is a response to a Marxist critique of Modern Monetary Theory with reference to the Eurozone and Greece. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Stay current with Phil via Twitter: https://twitter.com/PhilArmstrong58 "A modern monetary theory advocate's response to 'modern monetary theory on money, sovereignty, and policy: A marxist critique with reference to the Eurozone and Greece' by Costas Lapavitsas and Nicolás Aguila (2020)" by Phil Armstrong: https://www.tandfonline.com/doi/abs/10.1080/2329194X.2022.2051720 "Time For Informed Change. Post Covid-19 Economics" by Phil Armstrong & Nick Potts: https://gimms.org.uk/2020/08/13/time-for-informed-change-post-covid-19-economics/ Register for events at the Modern Money Network's 4th Annual MMT Conference: https://events.modernmoney.network/category/7/ For more on the MMT Summer School in Poznań, Poland: https://fundacjalipinskiego.pl/wydarzenia/mmt-summer-school-2022/ Episode 72 - Steven Hail: The External Sector: https://www.patreon.com/posts/43043601 Sign up for alerts from The Gower Initiative For Modern Money Studies about their forthcoming MMT book: https://gimms.org.uk/ Episode 55 - Dirk Ehnts: A Way Forward For The Eurozone: https://www.patreon.com/posts/38252014 The Mosler Plan for Greece: http://moslereconomics.com/2011/06/29/the-mosler-plan-for-greece/ More on monetary operations: Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 "An Accounting Model of the UK Exchequer – 2nd edition" by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ Our episodes about "An Accounting Model of the UK Exchequer": Part 1: https://www.patreon.com/posts/46352183 Part 2: https://www.patreon.com/posts/46865929 More on inflation: Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/66829263 Show notes: https://www.patreon.com/posts/66829431

Patricia and Christian talk to economist and President of the Global Institute For Sustainable Prosperity Professor Fadhel Kaboub about how global food and energy systems have been fostered to benefit the global north at the expense of the global south, and how understanding modern money is vital to untangling the mess. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Fadhel Kaboub: https://www.patreon.com/posts/43484621 Stay current with Fadhel via Twitter: https://twitter.com/FadhelKaboub Episode 12 - Fadhel Kaboub: Monetary Sovereignty, Colonialism and Independence: https://www.patreon.com/posts/41790149 Bill Mitchell - "Zimbabwe for hyperventilators 101": http://bilbo.economicoutlook.net/blog/?p=3773 Register for events at the Modern Money Network's 4th Annual MMT Conference (held online over the next six weekends in April and May): https://events.modernmoney.network/category/7/ More on monetary operations: Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 More on inflation: Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 Details for the Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/65378023 Show notes: https://www.patreon.com/posts/episode-131-free-65377999

Patricia and Christian talk to scholar, researcher, CUNY lecturer and executive director of Public Money Action, Andrés Bernal about his most recent paper "Inflationary Pressures in the Time of Covid-19: MMT as a Theory of Inflation". Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Register for events at the Modern Money Network's 4th Annual Conference (to be held online over the next four weekends in April): https://events.modernmoney.network/category/7/ Patricia and Christian will be on this panel "MMT Content Production and Publication": https://events.modernmoney.network/event/12/ "Inflationary Pressures in the Time of Covid-19: MMT as a Theory of Inflation" by Andrés Bernal: http://www.global-isp.org/wp-content/uploads/WP-132.pdf Stay current with Andrés via Twitter: https://twitter.com/andresintheory Stay current with the Money On The Left collective: https://twitter.com/moneyontheleft The Debt Collective: https://twitter.com/StrikeDebt Interview with Braxton Brewington of The Debt Collective on student loan cancellation: https://fair.org/home/braxton-brewington-on-student-loan-debt-andy-marra-on-trans-youth-rights/ Warren Mosler / Robert Murphy debate: https://youtu.be/cUTLCDBONok An overview of chartalism: https://en.wikipedia.org/wiki/Chartalism For more on banking operations: Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 More on inflation: Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 More on the Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/64711994 Show notes: https://www.patreon.com/posts/64711495

Patricia and Christian talk about what's likely to be missing from Chancellor Rishi Sunak's spring statement. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 More on inflation: Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 Episode 128 - L. Randall Wray & Yeva Nersisyan: What's Causing Accelerating Inflation? Pandemic Or Policy Response?: https://www.patreon.com/posts/63776558 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 More on the Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/64142931 Show notes: https://www.patreon.com/posts/64142978

Patricia and Christian talk to MMT economists L. Randall Wray and Yeva Nersisyan about their most recent paper, "What's Causing Accelerating Inflation? Pandemic Or Policy Response?" Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with L. Randall Wray: https://www.patreon.com/posts/44467066 "What's Causing Accelerating Inflation: Pandemic or Policy Response?" by Yeva Nersisyan & L. Randall Wray: https://www.levyinstitute.org/publications/whats-causing-accelerating-inflation-pandemic-or-policy-response "Still Flying Blind After All These Years: The Federal Reserve's Continuing Experiments With Unobservables" by Dimitri B. Papadimitriou & L. Randall Wray: https://www.levyinstitute.org/pubs/ppb_156.pdf "How to Pay for the Green New Deal" by Yeva Nersisyan & L. Randall Wray: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=339898 Episode 126 - Dirk Ehnts: How Banks Create Money: https://www.patreon.com/posts/62603318 Our Job Guarantee episodes: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 More on inflation: Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 More on the Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Transcript for opening monologue: https://www.patreon.com/posts/63776575 Show notes: https://www.patreon.com/posts/63776558

Patricia and Christian talk to author, public finance consultant, and Professor of Law Robert Hockett about his proposal to tame speculative bubbles and put public capital back to public use. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Robert Hockett: https://www.patreon.com/posts/63228139 Building Banks Better: A Plan to Put Public Capital Back to Public Use by Robert Hockett: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4023614 Fine-Tuning Monetary Easing, Part 2: The Fed's New Chicago Trading Capacity by Robert Hockett: https://www.forbes.com/sites/rhockett/2022/01/31/fine-tuning-monetary-easing-part-2-the-feds-new-chicago-trading-capacity/?sh=33ff44a3318d Money from Nothing: Or, Why We Should Stop Worrying About Debt and Learn to Love the Federal Reserve by Robert Hockett and Aaron James: https://www.amazon.co.uk/Money-Nothing-Worrying-Federal-Reserve/dp/B08FLQK2YF/ref=sr_1_1?crid=KT51L5RY6QZ6&keywords=robert+hockett&qid=1646152833&s=books&sprefix=Robert+Hockett%2Cstripbooks%2C70&sr=1-1 Financing the Green New Deal: A Plan of Action and Renewal by Robert Hockett: https://www.amazon.co.uk/Financing-Green-New-Deal-Renewal/dp/3030484491/ref=sr_1_3?crid=KT51L5RY6QZ6&keywords=robert+hockett&qid=1646152833&s=books&sprefix=Robert+Hockett%2Cstripbooks%2C70&sr=1-3 More on inflation: Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/63227310

Patricia and Christian talk to economist and author Dr Dirk Ehnts, about his latest book, MMT Essentials, the hierarchy of money, and where commercial banks fit into it. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast Springer Essentials: MMT by Dirk Ehnts (available in German at time of posting): https://link.springer.com/book/10.1007/978-3-658-36488-5 Levy Economics Institute of Bard College 2022 Summer Seminar: https://www.levyinstitute.org/news/summer-seminar-2022 For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Dirk Ehnts' website: https://www.dirk-ehnts.de/ Dirk Ehnts on Twitter: https://twitter.com/DEhnts Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 An Accounting Model of the UK Exchequer by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/wp-content/uploads/2021/02/An-Accounting-Model-of-the-UK-Exchequer-2nd-edition.pdf Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/52207835 Episode 123 - Warren Mosler: Understanding The Price Level And Inflation: https://www.patreon.com/posts/59856379 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 Transcript for opening monologue: https://www.patreon.com/posts/62603373 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/62603318

Patricia and Christian talk to economics scholar, teacher and writer Sam Levey about real existing economic conditions (containing monopoly, monopsony, and oligopolistic price-setting power), the inadequate models used by economists to interpret these conditions, and a better way forward. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Sam Levey: https://www.patreon.com/posts/43189679 Buffer Stocks: A Better Diagram, by Sam Levey: https://slevey087.medium.com/buffer-stocks-a-simpler-diagram-a462e9ea5359 Monopoly Money: The State as a Price Setter by Pavlina R. Tcherneva: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf Monopoly Money Redux by Sam Levey: https://medium.com/@slevey087/monopoly-money-redux-a4d96f156f7 Our episodes laying out the MMT Job Guarantee: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Modern Money and the War Treasury, by Sam Levey: http://www.global-isp.org/working-paper-no-123/ Our episodes about Modern Money and the War Treasury: Episode 32 - Sam Levey: How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574 Episode 33 - Sam Levey: How Uncle Sam Paid For World War II (part 2): https://www.patreon.com/posts/30112818 For information on their forthcoming MMT book, sign up to the Gower Initiative For Modern Money Studies mailing list: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 Transcript for opening monologue: https://www.patreon.com/posts/61954919 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/61954971

Patricia and Christian talk to Dr Phil Armstrong about potential solutions to pandemic-related inflation and challenges faced by nations that have become dependent on foreign capital and foreign currency debt. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Isabella Weber: Could strategic price controls help fight inflation?: https://www.theguardian.com/business/commentisfree/2021/dec/29/inflation-price-controls-time-we-use-it Bill Mitchell: Turkey tells us nothing about MMT – but MMT tells us a lot about why Turkey is in trouble: http://bilbo.economicoutlook.net/blog/?p=48895 Some of our episodes on inflation Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 104 - John T Harvey: Inflation, Stagflation & Healing The Nation: https://www.patreon.com/posts/episode-104-john-52207835 Episode 88 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 1): https://www.patreon.com/posts/47638591 Episode 89 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2): https://www.patreon.com/posts/episode-89-phil-47904999 A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit Monopoly Money: The State as a Price Setter by Pavlina R. Tcherneva: http://moslereconomics.com/wp-content/uploads/2018/04/Tcherneva_MonopolyMoney_2002.pdf Our episodes laying out the MMT Job Guarantee: Episode 4 - Fadhel Kaboub: What is the Job Guarantee?: https://www.patreon.com/posts/41742701 Episode 47 - Pavlina Tcherneva: Building Resilience - The Case For A Job Guarantee: https://www.patreon.com/posts/36034543 Our episodes on US treasury spending during WWII: Episode 32 - Sam Levey: How Uncle Sam Paid For World War II (part 1): https://www.patreon.com/posts/30005574 Episode 33 - Sam Levey: How Uncle Sam Paid For World War II (part 2): https://www.patreon.com/posts/30112818 How To Pay For The War by John Maynard Keynes: https://archive.org/details/in.ernet.dli.2015.499597 Warren Mosler's banking reform proposals: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html Our episodes on monetary operations: Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 For information on their forthcoming MMT book, sign up to the Gower Initiative For Modern Money Studies mailing list: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 Transcript for opening monologue: https://www.patreon.com/posts/61624152 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/61624068

Patricia and Christian talk to MMT founder Warren Mosler about his recent paper on inflation, his proposals for overhauling banking, and simplifying the tax system. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All our episodes with Warren Mosler: https://www.patreon.com/posts/42918786 A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit Warren Mosler's banking reform proposals: https://neweconomicperspectives.org/2010/02/warren-moslers-proposals-for-treasury.html Episode 13 - Steven Hail: Everything You Always Wanted To Know About Banking, But Were Afraid To Ask: https://www.patreon.com/posts/41790887 Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 84 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 1): https://www.patreon.com/posts/46352183 Episode 86 - Andrew Berkeley, Richard Tye & Neil Wilson: An Accounting Model Of The UK Exchequer (Part 2): https://www.patreon.com/posts/46865929 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 Episode 65 - Phil Armstrong: Understanding Inflation: https://www.patreon.com/posts/40672678 Episode 88 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 1): https://www.patreon.com/posts/47638591 Episode 89 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2): https://www.patreon.com/posts/episode-89-phil-47904999 Taxes For Revenue Are Obsolete by Beardsley Ruml: https://www.nakedcapitalism.com/2019/07/taxes-for-revenue-are-obsolete.html For information on their forthcoming MMT book, sign up to the Gower Initiative For Modern Money Studies mailing list: https://gimms.org.uk/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 Transcript for opening monologue: https://www.patreon.com/posts/59826215 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/59856379

A panel discussion with Warren Mosler (MMT founder), Achim Truger (German Council of Economic Advisers), Philippa Sigl-Glöckner (Dezernat Zukunft) and Paul Sheard (Harvard Kennedy School) from the 2nd International European Modern Monetary Theory Conference. Recorded September 14, 2021. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Video of this event: https://youtu.be/oz9wU5VWGUQ All our episodes with Warren Mosler: https://www.patreon.com/posts/42918786 Our episode 116 featuring Dirk Ehnts interviewing Warren Mosler: https://www.patreon.com/posts/56979140 An explanation of the NAIRU (Non-accelerating inflation rate of unemployment) and the alternative MMT approach, the NAIBER (non-accelerating inflation buffer employment ratio): https://en.wikipedia.org/wiki/NAIBER Maximizing Price Stability in a Monetary Economy by Warren Mosler & Damiano B. Silipo: https://www.levyinstitute.org/pubs/wp_864.pdf Brexit Is A Wake-Up Call To The EU, But So Far It Is Not Being Answered by Paul Sheard: https://www.briefingsforbritain.co.uk/brexit-is-a-wake-up-call-to-the-eu-but-so-far-it-is-not-being-answered-by-paul-sheard/ Philippa Sigl-Glöckner's Organisation, Dezernat Zukunft: https://www.dezernatzukunft.org/ Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/58778703

Christian talks with author, financial consultant, and writer for bondeconomics.com Brian Romanchuck about recent monetary policy news and his recent book, Modern Monetary Theory & The Recovery. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Brian's books: http://www.bondeconomics.com/p/books.html Episode 30 - Steven Hail: Understanding Government Bonds (Part 1): https://www.patreon.com/posts/29621245 Episode 31 - Steven Hail: Understanding Government Bonds (Part 2): https://www.patreon.com/posts/29829500 Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 MMT Scholarship: http://neweconomicperspectives.org/mmt-scholarship Trade and external finance mysteries by Bill Mitchell: http://bilbo.economicoutlook.net/blog/?p=39282 Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/58493863

Patricia and Christian take a look at the UK chancellor's recent budget through the MMT lens with MMT scholar and author Dr Phil Armstrong. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Follow Phil Armstrong on Twitter: https://twitter.com/PhilArmstrong58 All of our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Phil Armstrong's book, Can Heterodox Economics Make a Difference?: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/58200406

Patricia & Christian talk with Argentinian economist and author of "Modern Monetary Theory And The Employer Of Last Resort" Agustin Mario about Argentina's economic history, and its employer of last resort program - Plan Jefes y Jefas de Hogar Desocupados (Program for Unemployed Male and Female Heads of Households). Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Follow Agustin Mario on Twitter (@agu_mario): https://twitter.com/agu_mario Teoría del Dinero Moderno y Empleador de Última Instancia by Agustin Mario: http://bit.ly/2G2WKTt Red MMT (Spanish-language MMT network): http://www.redmmt.es/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/57888740

Patricia & Christian talk with Argentinian economist and author of "Modern Monetary Theory And The Employer Of Last Resort" Agustin Mario about Argentina's economic history, and its employer of last resort program - Plan Jefes y Jefas de Hogar Desocupados (Program for Unemployed Male and Female Heads of Households). Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Follow Agustin Mario on Twitter (@agu_mario): https://twitter.com/agu_mario Teoría del Dinero Moderno y Empleador de Última Instancia by Agustin Mario: http://bit.ly/2G2WKTt Red MMT (Spanish-language MMT network): http://www.redmmt.es/ A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/57888740

Patricia & Christian talk about recent media coverage of economic policy and answer listener questions on interest rates, trade, monetary policy and more. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our Q&A episodes: https://www.patreon.com/posts/57542767 An Accounting Model of the UK Exchequer: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ The Natural Rate of Interest Is Zero by Mathew Forstater and Warren Mosler: http://www.moslereconomics.com/wp-content/graphs/2009/07/natural-rate-is-zero.PDF Episode 43 - Sam Levey: Understanding Endogenous Money: https://www.patreon.com/posts/35073683 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/57589452

Christian talks to financial consultant Brian Romanchuk and economist Dirk Ehnts about a recent working paper published by Banque De France entitled "The Meaning of MMT". Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Modern Monetary Theory and the Recovery by Brian Romanchuk: http://www.bondeconomics.com/2021/03/modern-monetary-theory-and-recovery_11.html "The Meaning Of MMT" (Yeah, Sure) by Brian Romanchuk: http://www.bondeconomics.com/2021/10/the-meaning-of-mmt-yeah-sure.html Follow Brian Romanchuk on Twitter: https://twitter.com/RomanchukBrian Follow Dirk Ehnts on Twitter: https://twitter.com/DEhnts The website of the 2nd International European MMT conference (2021), includes videos of presentations and panels: https://www.mmtconference.eu/ For MMT views on inflation, see: Episode 65 - Phil Armstrong: Understanding Inflation: https://pileusmmt.libsyn.com/65-phil-armstrong-understanding-inflation Episode 88 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 1): https://www.patreon.com/posts/47638591 Episode 89 - Warren Mosler & Phil Armstrong: Weimar Republic Hyperinflation Through An MMT Lens (part 2): https://www.patreon.com/posts/episode-89-phil-47904999 Money Growth Does Not Cause Inflation! by John T. Harvey https://www.forbes.com/sites/johntharvey/2011/05/14/money-growth-does-not-cause-inflation/#6b405a2142f5 An MMT Response on What Causes Inflation: https://www.researchgate.net/profile/Scott-Fullwiler/publication/332318485_An_MMT_Response_on_What_Causes_Inflation/links/5cad762b92851ccd4ac06dea/An-MMT-Response-on-What-Causes-Inflation.pdf?origin=publication_detail A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit?fbclid=IwAR2L_RC11e8H40f-QhnPSrWxDmPM0bq8sFSDVKV87UXqA75vgvxx322eVN4 Weimar Republic Hyperinflation through a Modern Monetary Theory Lens by Phil Armstrong and Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Weimar-Republic-Hyperinflation-through-a-Modern-Monetary-Theory-Lens.pdf A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/57313764

MMT founder Warren Mosler talks with Dirk Ehnts and Patricia Pino - and answers audience questions at the opening event of the 2nd International European Modern Monetary Theory Conference 2021. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 Video of this event: https://www.youtube.com/watch?v=A6CpXybh_gw All of our episodes with Warren Mosler: https://www.patreon.com/posts/42918786 More about the Pufendorf Foundation: https://www.pufendorf-gesellschaft.org/ A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit?fbclid=IwAR2L_RC11e8H40f-QhnPSrWxDmPM0bq8sFSDVKV87UXqA75vgvxx322eVN4 Warren Mosler's proposals for the banking system: https://www.huffpost.com/entry/proposals-for-the-banking_b_432105 Weimar Republic Hyperinflation through a Modern Monetary Theory Lens by Phil Armstrong and Warren Mosler: http://moslereconomics.com/wp-content/uploads/2020/11/Weimar-Republic-Hyperinflation-through-a-Modern-Monetary-Theory-Lens.pdf Warren Mosler MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit Seven Deadly Innocent Frauds Of Economic Policy by Warren Mosler: http://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf More about the online Global Forum on Democratizing Work (5–7 October 2021): https://democratizingwork.org/global-forum A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/56979140

Patricia and Christian talk with MMT scholar and author Dr Phil Armstrong about the MMT Job Guarantee and the upcoming online Global Forum on Democratizing Work. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our episodes with Phil Armstrong: https://www.patreon.com/posts/42072846 Our episode 47 with Pavlina Tcherneva explaining the Job Guarantee: https://www.patreon.com/posts/36034543 Phil Armstrong's book, Can Heterodox Economics Make a Difference?: https://www.e-elgar.com/shop/gbp/can-heterodox-economics-make-a-difference-9781800370883.html An Accounting Model of the UK Exchequer – 2nd edition: https://gimms.org.uk/2021/02/21/an-accounting-model-of-the-uk-exchequer/ More about the Rete MMT activist network: https://www.retemmt.it/ More about the online Global Forum on Democratizing Work (5–7 October 2021): https://democratizingwork.org/global-forum "Scotland to trial a four-day week" - BBC News: https://www.bbc.co.uk/news/uk-scotland-scotland-business-58403087 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/56712932

Christian talks with Dr Tim Rideout of the SNP Policy Development Committee and the Scottish Currency Group about the design of the Scottish Reserve Bank and more. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 More information on The Scottish Currency group: https://www.facebook.com/groups/715532695555527 More information on The Scottish Reserve Bank: https://www.reservebank.scot/#gsc.tab=0 For more information on MMT and Scotland, visit Modern Money Scotland: https://www.modernmoney.scot/ More episodes relating to Scottish independence: https://www.patreon.com/posts/56419654 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/56420591

In anticipation of his keynote presentation at September's International European MMT conference, Patricia & Christian talk to MMT founder Warren Mosler about MMT fundamentals, inflation, interest rates, Europe, environmental policy, and much more. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our episodes with Warren Mosler: https://www.patreon.com/posts/42918786 Warren Mosler's talk in Chianciano, Italy, January 11, 2014 [video and transcript]: http://neweconomicperspectives.org/2014/01/beyond-euro-left-crisis-alternative.html#more-7502 A Framework for the Analysis of the Price Level and Inflation by Warren Mosler: https://docs.google.com/document/d/1sySbx6EHOAYpAjE4FGnYApdZNyY6rh79KzajZxSU884/edit?fbclid=IwAR2L_RC11e8H40f-QhnPSrWxDmPM0bq8sFSDVKV87UXqA75vgvxx322eVN4 Warren Mosler's proposals for the banking system: https://www.huffpost.com/entry/proposals-for-the-banking_b_432105 Warren Mosler MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit Seven Deadly Innocent Frauds Of Economic Policy by Warren Mosler: http://www.moslereconomics.com/wp-content/powerpoints/7DIF.pdf Our Job Guarantee Episodes: https://www.patreon.com/posts/our-job-episodes-44722328 A brief overview of the Job Guarantee: https://en.wikipedia.org/wiki/NAIBER Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/55572142

In anticipation of the 2nd International European MMT conference, Patricia & Christian talk to economist and author Dr Dirk Ehnts about Berlin's housing referendum, automation, production bottlenecks, pensions, demand management, inflation, interest rates, and achieving a sustainable future. Please help sustain this podcast! Patrons get early access to all episodes and patron-only episodes: https://www.patreon.com/MMTpodcast For an intro to MMT: Listen to our first three episodes: https://www.patreon.com/posts/41742417 All our episodes in chronological order: https://www.patreon.com/posts/43111643 All of our episodes with Dirk Ehnts: https://www.patreon.com/posts/44467243 Dirk Ehnts' website: https://www.dirk-ehnts.de/ Dirk Ehnts on Twitter: https://twitter.com/DEhnts Warren Mosler MMT white paper: https://docs.google.com/document/d/1gvDcMU_ko1h5TeVjQL8UMJW9gmKY1x0zcqKIRTZQDAQ/edit Our Job Guarantee Episodes: https://www.patreon.com/posts/our-job-episodes-44722328 A brief overview of the Job Guarantee: https://en.wikipedia.org/wiki/NAIBER An Accounting Model of the UK Exchequer by Andrew Berkeley, Richard Tye & Neil Wilson: https://gimms.org.uk/wp-content/uploads/2021/02/An-Accounting-Model-of-the-UK-Exchequer-2nd-edition.pdf Details about the 2nd International European MMT conference (September 13th-15th 2021): https://www.mmtconference.eu A list of upcoming MMT events and courses: https://www.patreon.com/posts/47531455 A list of MMT-informed campaigns and organisations worldwide: https://www.patreon.com/posts/47900757 We are working towards full transcripts, but in the meantime, closed captions for all episodes are available on our YouTube channel: https://www.youtube.com/channel/UCEp_nGVTuMfBun2wiG-c0Ew/videos Show notes: https://www.patreon.com/posts/55242222